Turnkey Duplex with Private
8588 Ridgecrest Paradise, CA 95969
For Sale
Contact for pricing
A 2024-built duplex with two garages, private laundry rooms, and individually fenced backyards.
Property Size1,878 SF
Lot Size0.64 Acres
Price / SF$239.08
Days on Market121
Property Features for 8588 Ridgecrest
General Information
- Standard status
- Active
- Size
- 1,878 SF
- Lot size
- 0.64 Acres
- Property subtype
- Multifamily
Listing Agency:
Re/Max Home and Investment
(530) 321-9179
Listed By:
Stephanie Sinnott · License #02063179
Source:
Crexi
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 11:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Home and Investment
Investment Insights
Based on property information with market context.
This 2024-built duplex is offered as a turnkey property and consists of two units. Each unit features two bedrooms and two bathrooms, along with an attached one-car garage and a private laundry room. Interior finishes include quartz countertops and stainless steel appliances, supported by central heating and air.
The property sits on a .64-acre lot and includes individually fenced backyards, providing outdoor space tied to each unit. Parking and layout are designed around the duplex configuration, with room on the site to support day-to-day use.
From a practical standpoint, the building presents two self-contained units with separate garages and laundry areas, making it well-suited for an owner-operator or an investor seeking straightforward rental operations.
The property sits on a .64-acre lot and includes individually fenced backyards, providing outdoor space tied to each unit. Parking and layout are designed around the duplex configuration, with room on the site to support day-to-day use.
From a practical standpoint, the building presents two self-contained units with separate garages and laundry areas, making it well-suited for an owner-operator or an investor seeking straightforward rental operations.
Key Highlights
- 2024‑built duplex with two 2BD/2BA units, each with approximately 939 SF
- Each unit includes an attached one‑car garage and a private laundry room
- Kitchens feature quartz countertops and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $18.36 |
| − Vacancy | −$1.4k | −$0.77 |
| EGI | $33.0k | $17.59 |
| − OpEx | −$9.9k | −$5.28 |
| NOI | $23.1k | $12.31 |
1,878 SF · lease $18.36/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,127 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,329 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$872.9K
$763.8K – $1.02M
NOI $61,101 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A 2024-built duplex with two garages, private laundry rooms, and individually fenced backyards.
Where is this duplex located?
The property is located at 8588 Ridgecrest Paradise, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2024‑built duplex with two 2BD/2BA units, each with approximately 939 SF; Each unit includes an attached one‑car garage and a private laundry room; Kitchens feature quartz countertops and stainless steel appliances
